Item 4FItem 4F
Ordinance No. 1019
Sale of Property
RECOMMENDATION
Approve Ordinance No. 1019, 1st Reading, Authorize the Sale of City-owned property at 4429 Soda Ridge Road in the amount of $9,125
Aqua Texas Property
Background:
Southlake
purchased Indian Creek and Lakewood Ridge water system assets
Purchase Price - $60,000 in 2005
March 1, 2011 - City Council declared properties as surplus
Bid of $9,125 - Soda Ridge property by deadline of Sept. 23rd
Aqua Texas Well Site Properties
4429 Soda Ridge Road (0.172 Acres)
Well #1, Chlorination Shed and Pressure Tank
Well #2, Storage and Pressure Tanks
Aqua Texas Property
Property Condition:
Well production capacity less than 25-30 GPM
No viable chlorination equipment
Single storage tank – approximately 3,000 gal
Single pressure tank
Included in Sale:
Ordinance #1019 also abandons 20’X200’ access easement to the property
Aqua Texas Property
Financial Consideration:
Estimated cost to clear property and plug both wells - $10,000/ site
Denton County Appraised Value
4429 Soda Ridge (0.172 acre) - $16,000
Recommendation:
Approve Ordinance No. 1019, 1st Reading, Authorize the sale of city-owned property at 4429 Soda Ridge Road in the amount of $9,125
Questions:
Bob Price – 817-748-8097